payroll

In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several…

CloudPay, a payroll services provider, lands $120M in new funding

Consolidation is afoot in the world of HR services, with larger players snapping up interesting, smaller startups en route to more robust unit economics and providing one-stop shops for customers…

Deel, the $12B HR startup, acquires Zavvy to step up consolidation play

Salsa says it can shorten the amount of time it takes for businesses to create a payroll feature to about a month, and without the engineering complexity.

Salsa dips into $10M to fire up payroll features for software companies

In the wake of the pandemic, more and more companies are relying on independent contractors to sustain and grow their businesses — and more people are turning to freelancing. According…

Wingspan raises $14M for its all-in-one payroll platform for contractors

Remote work has never been as accepted, or mainstream, as it is today. Yet some businesses hesitate to explore the option of hiring people in other countries because the prospect…

Remofirst raises $14.1M to make it cheaper and easier for businesses to hire remote workers globally

It always feels good to get paid, so it’s no surprise that a payroll model like earned wage access (EWA), which lets employees withdraw their accrued wages at any time,…

3 investors explain why earned wage access startups are set to cash more checks

Earned wage access promises to be the shakeup that the payroll system has perhaps required for a while now.

Is earned wage access ushering in a new era of payroll management?

It’s clear that remote and hybrid work are here to stay — the pandemic forever changed the way many companies do business. But it’s introduced roadblocks from an HR perspective.…

Mosey secures fresh capital to help companies comply with payroll rules

In spite of the so-called Great Resignation, wages haven’t risen as dramatically as some economists anticipated. About 41% of workers recently surveyed by Willis Towers Watson say that they’re living…

ZayZoon charges employees $5 to get paid sooner

Personio — a startup out of Munich, Germany that styles itself as a Workday and ServiceNow focused on the small and medium businesses of the world — went on a…

Personio nabs $200M at a $8.5B valuation as its HR for small businesses hits the big time

You don’t want to be doing a great thing for your business — finding the right talent in the right location — and then be hit with a penalty because…

Starting up remotely? Keep these labor laws and tax guidelines in mind

Gusto, an HR technology unicorn worth nearly $10 billion, has raised an extension to its 2021-era Series E funding round. That funding event included $175 million in primary capital, a…

Gusto raises an extension round, following Faire as unicorns react to a changing market

Symmetrical.ai, a payroll tech provider, today announced that it raised $18.5 million in financing led by Target Global with participation from Global Founders Capital, Finch Capital, Partech, Market One Capital…

Payroll provider Symmetrical.ai nabs $18.5M to streamline employee payouts

Remote workforces have come into their own in the last several years, with companies ever more willing to tap into talent wherever it happens to be, and a vast array…

Remote raises $300M more, now at a $3B+ valuation, to manage payments and more for globally distributed workforces

Atomic, a provider of payroll APIs, has raised $40 million in Series B funding just five months after announcing its Series A financing. Mercato Partners and Greylock co-led Atomic’s latest…

Atomic lands $40M in funding, just five months after its Series A, to connect banks and fintechs to consumers’ paychecks

Earnipay, a fintech that provides flexible and on-demand salary access to income-earners, has raised $4 million in seed financing led by early-stage venture capital firm Canaan. Participating investors include XYZ…

Earnipay raises $4M to help employees in Nigeria get faster access to their salaries

Six months after its $20 million Series A, payroll connectivity platform Pinwheel just announced that it has nabbed another $50 million in a round led by new investor GGV Capital. …

Pinwheel raises $50M Series B at $500M valuation for its income verification APIs

Africa’s appetite for cloud computing software continues to increase as connectivity and bandwidth opportunities push boundaries. Per reports, the continent’s cloud computing industry coupled with the Middle East is expected…

Nigeria’s SeamlessHR raises $10M to expand HR and payroll solutions across Africa

French startup PayFit just announced that it closed a new $289 million Series E round (€254 million) before the holidays. Following this round, the startup has reached a post-money valuation…

Payroll startup PayFit is France’s latest unicorn as it raises $289 million

One of the biggest pain points for any business, but especially SMEs, is managing payroll.  A startup that has built payroll automation software to make the process less painful, Pento,…

Tiger Global, Avid Ventures lead $35M round for London payroll automation startup Pento

Employees don’t leave or stay because of their pay, but an opaque model for allocating compensation exacerbates feelings of disconnection and lowers engagement.

As human capital grows scarce, flexible compensation can help attract and retain talent

Founded by entrepreneur Parker Conrad in 2013, the HR company Zenefits was quickly anointed one of the fast-growing companies in Silicon Valley, with a valuation that soared to $4.5 billion…

Parker Conrad’s Rippling is now valued at $6.5 billion — more than Zenefits at its peak

The platform is available in across all 50 states and is designed for any type of employee leave, like parental, medical, caregiver or bereavement.

Employee leave startup Cocoon launches after raising $20M in new funding

Factorial, a startup out of Barcelona that has built a platform that lets SMBs run human resources functions with the same kind of tools that typically are used by much…

Spain’s Factorial raises $80M on the back of strong traction for its ‘Workday for SMBs’

Businesses use Homebase to manage activities related to hourly workers, including payroll, shift scheduling, timeclocks and timesheets, hiring and onboarding, communication and HR compliance.

Homebase raises $71M for a team management platform aimed at SMBs and their hourly workers

For many of us, going to work these days no longer means going into a specific office like it used to; and today one of the startups that’s built a…

Remote raises $150M on a $1B+ valuation to manage payroll and more for organizations’ global workforces

If you follow startup news from Indonesia, you know that the country’s estimated 60 million small businesses are a hot target for tech companies. BukuKas and BukuWarung, for example, both…

Vara raises $4.8M from investors like Go Ventures and Sequoia India’s Surge to digitize Indonesian SMEs’ payrolls

One of the most strategically important financial relationships for neobanks is becoming the account destination for a user’s paycheck. If you’re a bank and you own that specific relationship, users…

Coatue direct deposits $20M into Pinwheel, a payroll API for neobanks

Payroll automation is not exactly the sexiest of startup areas but it’s a pretty decent business. The larger startup in the space is Payfit, which has raised upward of $208.4…

Payroll automation startup raises $15.6M Series A led by General Catalyst

French startup PayFit has raised a $107 million series D funding round (€90 million). Eurazeo Growth and Bpifrance’s Large Venture fund are leading today’s round. Existing investors Accel, Frst and…

PayFit raises $107 million for its payroll and HR platform